Archive Category: Green Zone Fortunes (Alerts)

Shares of advertising tech firm Perion Network Ltd. (Nasdaq: PERI) have declined rapidly today. The stock shed almost 41% by today’s close. The reason for the drop: The company revised its first-quarter revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) to lower levels than previously estimated due to changes in advertising prices by Microsoft Bing.

Shares of homebuilder Hovnanian Enterprises Inc. (NYSE: HOV) are skyrocketing higher today. The stock is up nearly 5% from the open this morning and a massive 15% over the last five trading days.

U.S. stocks seem to have found their footing as the Dow Jones Industrial Average hit 38,000 points for the first time in history and the S&P 500 climbed above 4,800 points to a new all-time high. But it doesn’t mean that every stock is in favor with investors. One sector of the market is taking a beating: Chinese stocks.

Shares of Franco-Nevada Corp. (NYSE: FNV) closed below our stop-loss at the end of yesterday’s session, and are trading flat after this morning’s open.

Shares of Genie Energy (NYSE:GNE) are going “vertical” today. They’re up more than 15% from Friday’s close on the company’s earnings report, which showed a 54% year-over-year increase in revenue, to a record $125 million. When I recommended buying shares of GNE in the March 2023 issue of Green Zone Fortunes, I set a profit target of $38 over three years.